Asian Banks Face $3M Lawsuit Over Cryptocurrency Investment Scam
A California resident files a $3 million lawsuit against three major Asian banks for allegedly enabling a cryptocurrency investment scam that cost him $1 million. The case highlights growing concerns over financial institutions' role in preventing crypto-related fraud and monitoring suspicious transactions.
Binance's AI-Powered Security System Prevents $129M in Crypto Scams
Cryptocurrency exchange Binance successfully prevented over $129 million in potential scams in 2024 using advanced AI and machine learning systems. The exchange's comprehensive Anti-Scam Refund Initiative processed monthly fund recoveries, made thousands of warning calls, and implemented sophisticated security measures to protect users.
20 Types of Cryptocurrency Rug Pulls Every Investor Should Know
A comprehensive guide exposing 20 different cryptocurrency scam tactics known as 'rug pulls' that leave investors with worthless assets. Understanding these deceptive schemes, from liquidity drains to fake partnerships, is crucial for protecting your crypto investments.
Do Kwon Faces US Justice: Montenegro Approves Terraform Labs Founder's Extradition
Montenegro's Justice Minister has approved Do Kwon's extradition to the US over the $40 billion Terra-Luna collapse. The Terraform Labs founder faces serious fraud charges after being arrested in Montenegro while attempting to flee to Dubai with fake documents.
Crypto Crackdown: Indian Tax Officials Expose Wedding Planners' Digital Currency Network
Income Tax officials in Jaipur have uncovered a sophisticated cryptocurrency operation during raids on wedding planners, seizing ₹20 crore and freezing crypto wallets. The investigation revealed an elaborate scheme converting unaccounted wedding cash into digital currencies through hawala networks.
Former FTX Executive's Prison Sentence Reduced for Good Behavior
Ryan Salame, former FTX Digital Markets Co-CEO, will be released from prison over a year earlier than planned due to good conduct provisions. The adjustment follows varying sentences for FTX executives as the collapsed crypto exchange prepares to begin creditor repayments.
Montenegro Court Rejects Do Kwon's Appeal, Setting Stage for US or South Korea Extradition
Montenegro's Constitutional Court has unanimously rejected Terra founder Do Kwon's appeal against his extradition ruling, leaving the final decision to the Justice Minister. The high-profile case could see Kwon face charges in either the US or South Korea for the $34 billion collapse of TerraUSD and Luna tokens.
Crypto Project HEX Plunges as Founder Heart Lands on Interpol's Most Wanted List
Richard Heart, founder of cryptocurrency HEX, has been added to Interpol's Red Notice list amid tax fraud charges and assault allegations in Finland. The news triggered a 25% drop in HEX's value, adding to the project's dramatic 99% decline from its peak.
NFT Scammers Face Federal Charges in $22M Cryptocurrency Fraud Case
Two California residents are charged with orchestrating multiple NFT rug pull schemes that defrauded investors of $22 million between 2021-2024. The case highlights the FBI's growing concerns as Americans lost over $5.6 billion to crypto fraud in 2023 alone.
Crypto Scammer Impersonates Uber Drivers to Steal $300K in Digital Assets
A sophisticated cryptocurrency theft scheme in Scottsdale led to the arrest of a man who stole $300,000 by posing as an Uber driver and accessing victims' phones. The case highlights an emerging trend of in-person crypto robberies, with 19 documented cases worldwide in the past year.